Major shipping lines in the red this year: APL INSANELY low rates' coupled with the unexpected plummet in world trade mean no major shipping lines operating in East-West trades are profitable this year, according to APL's Asia/Middle East president Dan McHugh.
US cruise business rebounding, says ICCL
P&O shuns Carnival's counter-bid
Sailors rescued as cargo ship sinks off UK coast
Air and Land Transport
A318 planes face delay AIRBUS may have to delay initial deliveries of its A318 aircraft, originally set for late 2002, because an engine being developed by Pratt & Whitney falls short of Airbus expectations, the plane maker said.
Chairmen of Airplanes Group, Ryanair to invest in Ansett bid firm
British World Airlines calls in receivers
Boeing to cut up to 30,000 jobs earlier than planned
Major shipping lines in the red this year: APL INSANELY low rates' coupled with the unexpected plummet in world trade mean no major shipping lines operating in East-West trades are profitable this year, according to APL's Asia/Middle East president Dan McHugh.
US cruise business rebounding, says ICCL
P&O shuns Carnival's counter-bid
Sailors rescued as cargo ship sinks off UK coast
Air and Land Transport
A318 planes face delay AIRBUS may have to delay initial deliveries of its A318 aircraft, originally set for late 2002, because an engine being developed by Pratt & Whitney falls short of Airbus expectations, the plane maker said.
Chairmen of Airplanes Group, Ryanair to invest in Ansett bid firm
British World Airlines calls in receivers
Boeing to cut up to 30,000 jobs earlier than planned
Carnival eyes London quote in Princess bid Carnival Corp, the world's largest cruise operator, is willing to seek a listing on the London Stock Exchange to help smooth the way for its hostile '3.2bn ($4.51bn) bid for Royal Princess, the US group disclosed yesterday.
Shell sees oil price rise funding acquisitions OIL major Royal Dutch/Shell yesterday pushed up its long-term crude price measure to $16 a barrel from $14 in a bid to absorb more expensive projects and launch a new year acquisition spree.
Baltic Exchange eyes wider audience with planned Embracing the profile of a private club, the proposed changes could see the introduction of a new level of membership to allow use of the catering facilities, while the trading floor could disappear altogether.
Galileo project hangs in balance THE future of the European Union's ambitious Galileo project remains in the balance after heads of government, in their summit meeting in Belgium at the weekend, re-affirmed the "strategic importance" they attach to it.
Ports want more security spending American ports are urging Congress to approve more funding for the Coast Guard, Customs and Maritime Administration.
Journal of Commerce donates $150K to Seamen's Church Institute The proceeds came from a special commemorative edition of JoC Week honoring the victims and relief workers of the Sept. 11 attacks.
DHL opens strategic parts center in Guam The new facility will serve a growing base of manufacturers in the region.
La CE veut appliquer la règle “known shipper” au fret aérien au sein de l’UE La Commission européenne a adopté une proposition pour appliquer le concept du consignateur connu sur l’ensemble du fret aérien. L’initiative cadre dans les normes de sécurité plus sévères que les ministres européens des Transports ont imposées à la navigation aérienne suite aux attentats terroristes du 11 septembre. Le Parlement européen se prononcera au début de l’année prochaine sur la proposition.
Création d’un pool allemand pour enrayer la chute des taux d’affrètement de PC? La crise s’accentue dans le liner containérisé. Selon un rapport de BRS-Alphaliner, il y avait au début décembre 65 PC cellulaires de plus de 1.000 TEU (soit une capacité totale de 136.000 TEU ou 2,7% de cette flotte) en situation de lay-up. Parmi ceux-ci figuraient 5 PC de 5.000 à 6.000 TEU en lay-up ou en semi-lay-up au Far East. On peut d’ailleurs s’attendre à ce que ce nombre ira croissant au fil des prochaines semaines puisque d’aucuns parmi les opérateurs annoncent l’immobilisation d’au moins 15% de la flotte des PC opérant Est-Ouest et ce pour l’ensemble de l’année 2002.
La famille Borms met le nouveau “Poolster” en service Le “Poolster” chargera aujourd’hui à Flessingue une première cargaison destinée à l’industrie sidérurgique dans la région de Liège. Cette unité de 2.850 tonnes est la dernière acquisition de la famile P. Borms-I. Delens. L’unité a été baptisée vendredi dernier sur le chantier naval Instalho à Werkendam par leur fille aînée Enya.
2001 a été une mauvaise année pour les utilitaires Mercedes-Benz en Belgique DaimlerChrysler Belux a présenté vendredi passé le bilan de l’année écoulée. Si dans les voitures, il est globalement positif (Smart et Mercedes-Benz ont progressé, Chrysler a souffert du lancement de sept nouveaux produits), dans les véhicules utilitaires, il est franchement mauvais. La marque à l’étoile a régressé sur ses marchés traditionnels (utilitaires et camions légers) et sur le marché du tracteur, sa part de marché est même retombée à un niveau qui la ramène au début des années 1980. Annette Winkler, administrateur délégué de la société belge, nous a déclaré qu’elle compte redresser la barre - entre autres - en misant moins sur les flottes et plus sur les PME du transport. De plus, l’Axor devrait susciter une redynamisation de la marque.
ACLN stock trading halted The company shares fell by $5.05 or 14.13% to $30.70 in late Monday trade.
Stelmar predicts consistent earnings The company's final quarter earnings are to be in line with analysts' expectations.
OMI probed for pollution The crew members are alleged to have presented false statements to the government.
ACLN cancels shipbuilding contract The company receives a $2.5m refund out of its $10m deposit from a Malaysian shipyard.
Grupo TMM begins merger process Grupo TMM and TMM will become one company by the end of this year.
POC-RCCL merger meeting on track Carnival's bid would not disrupt the scheduled P&O Princess' extraordinary general meeting in January.
Carnival chief comes out guns blazing Micky Arison attacks rival link up as joke venture not joint venture.
Grand Alliance fudges capacity cuts Containership players have watered down cutbacks for 2002, despite the ever-weakening market.
Two vessels complete historic Cuban journey More vessels carrying food and medicine will be heading to Havana from the US in the coming months.
Iranian owners join forces Two shipping companies from Iran are teaming up with an existing joint venture.
Heidenreich unveils new internet tool The www.QBulk.com will help easy completion of vessel questionnaires required by charterers.
Munich Re expands at Lloyd's Marine syndicate gets $115m capacity injection as market hardens.
Australia seeks spill boxship Authorities clean up over 350 Fairy penguins after oil hits 15-kms of beaches near Melbourne.
Carnival may up offer if "poison pills" ditched The US cruise giant is prepared to increase its offer if the joint venture and break fee are reduced or eliminated.
Baltic Exchange goes social Blackballed by the gentlemen's clubs of St James? Then rub shoulders with the shipbrokers of St Mary Axe.
Arison to put offer to the shareholders Carnival boss to make direct approach to P&O Princess Cruises' investors after board rejects offer.
Princess rejects Carnival's advances Arison shows hand in battle for cruise supremacy, but his offer falls short.
EU nations fight for maritime agency Summit ends in row over which nations will play host to new agencies.
Cargoship sinks off UK Eight crew were rescued after their vessel sank off the Welsh coast Sunday.
Singapore asks owners to cooperate with US Navy MPA tells owners to be prepared for boardings as US search for Bin Laden spreads to ships in the Med.
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